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Kia Motors, Union
Reach Agreement
On Pay Increases

SEOUL, South Korea -- Kia Motors Corp. workers and management have reached an agreement on wage hike and other payments, ending the workers' seven-day strike, the auto maker said Thursday.

South Korea's second largest auto maker will raise monthly base wages by 75,000 won ($65.21) and provide an additional 20,000 won to each employee, slightly less than the 126,100 won base wage that the union had initially demanded.